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Eric A. Santini, a principal in Vernon-based Santini Homes, hopes soaring building material costs moderate later this year so he can launch a 240-apartment project currently moving through local approvals in Tolland.
“If we got the approvals last year at this time, with the way things are, I’m not sure we would start,” Santini said. “We would probably do a little bit of a wait and see. We are hoping the supply chain will start to work itself out this year. I think every multifamily developer is starting to give a pause.”